Thailand: Biofuels Annual

  |   Attaché Report (GAIN)   |   TH2023-0034

Thailand is likely to lower biofuel consumption targets in the new AEDP 2022 due to expected lower fuel demand after 2027. The Thai government anticipates more electric vehicles on the road and increased rapid mass transit system, as well as double-track railway routes. FAS Bangkok expects biofuel consumption in 2023 to increase 6 percent. The Thai government is likely to increase the mandatory biodiesel blending rate as palm oil prices have eased.

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